PRINTER VERSTON BACK Brislin Company has four operating divisions. During the first quarter of 2020, the company reported aggregate income from operations of $207,400 and the following divisional results, Division I II III IV Sales $249,000 $200,000 5498,000 $446,000 Cost of goods sold 205,000 192,000 305.000 248,000 Selling and administrative expenses 71,600 60,000 59.000 45,000 Income (los) from operations 3 (27,600) 5 (52,000) $134,000 $153,000 Analysis reveals the following percentages of variable costs each division Cost of goods sold Seling and administrative expenses I II 688 40 59 III BI 47 IV 74 59 Discontinuance of any division would save 50% of the fixed costs and expenses for that division. Top management is very concerned about the unprofitable divisions (1 and 11). Consensus is that one or both of the division should be discontinued Your answer is correct Compute the contribution margin for Divisions I and II. (Enter negative amounts to either a negative sign preceding the number .g.-45 or parentheses eg. (45).) Division 1 Division II Contribution margin 30960 (4160) Prepare an incremental analysis concerning the possible discontinuance of Division I. (Enter negative amount e.g. (45).) Net Income Increase (Decrease) Continue Eliminate X Contribution margin (4360) 4360 Fixed costs x X Cost of goods sold 23040 11520 11520 11 x Selling and administrative 18000 9000 9000 x Total fixed expenses 41040 20520 20520 x Income (loss) from operations (52000) (20520) 31480 4 Click if you would like to Show Work for this question: Open Show Work